Banque Cantonale Vaudoise Grows Position in Xylem Inc. (NYSE:XYL)

Banque Cantonale Vaudoise raised its position in shares of Xylem Inc. (NYSE:XYL) by 13.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,713 shares of the industrial products company’s stock after buying an additional 5,209 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Xylem were worth $5,768,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XYL. EverSource Wealth Advisors LLC grew its holdings in Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after buying an additional 77 shares in the last quarter. Bangor Savings Bank boosted its holdings in shares of Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Xylem in the 2nd quarter worth approximately $33,000. Blue Trust Inc. boosted its holdings in shares of Xylem by 1,185.7% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 249 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on XYL shares. UBS Group started coverage on Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price for the company. Royal Bank of Canada dropped their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen dropped their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Robert W. Baird dropped their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Stifel Nicolaus boosted their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.17.

Xylem Trading Up 0.6 %

XYL opened at $122.46 on Tuesday. The firm has a market cap of $29.75 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 2.24 and a beta of 1.05. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $100.06 and a 12 month high of $146.08. The stock has a fifty day moving average price of $130.62 and a 200-day moving average price of $134.65.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. As a group, equities research analysts anticipate that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem’s payout ratio is 42.11%.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.